ok here is the scenario There are 10 investors who want to place $25,000 (total = $250,000) each but all into only one brokerage account 1. how can this be done legally? 2. is it wiser to make them incorporate a company and all become shareholders and then open an institutional brokerage account? 3. does anyone know which brokers you can legally pool the example 10 x $25k accounts into one master account with 10 sub-accounts? basically these 10 investors want to hire an portfolio manage to trade their account but the minimum investment required is 250k in order to trade the complete portfolio. hope you guys can help and i hope i can return the favour. regards outsider
What you want to do is nothing new as Investment Clubs have had pooled accounts for decades. http://www.fool.com/investmentclub/investmentclub05.htm